Scout24 AG

Investor Presentation • Jul 18, 2018

FY 2017 Results Conference Call

Scout24 AG Greg Ellis (CEO), Christian Gisy (CFO) March 28, 2018

FY 2017 Results Conference Call

Disclaimer

This document has been issued by Scout24 AG (the "Company" and, together with its direct and indirect subsidiaries, the "Group") and does not constitute or form part of and should not be construed as any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision, nor does it constitute a recommendation regarding the securities of the Company or any present or future member of the Group.

All information contained herein has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith.

The information contained in this presentation is subject to amendment, revision and updating. Certain statements, beliefs and opinions in this document are forward-looking, which reflect the Company's or, as appropriate, senior management's current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Statements contained in this document regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any information contained in this presentation (including forward-looking statements), whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this document.

This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Neither this document nor any copy of it may be taken or transmitted into the United States of America, its territories or possessions or distributed, directly or indirectly, in the United States of America, its territories or possessions or to any US person.

By attending, reviewing or consulting the presentation to which this document relates or by accepting this document you will be taken to have represented, warranted and undertaken that you have read and agree to comply with the contents of this notice.

Nothing in this document constitutes tax advice. Persons should seek tax advice from their own consultants or advisors when making investment decisions.

All numbers in new vertical structure unaudited and preliminary only, if not otherwise stated.

Key Operational Highlights

Around 3m active listings¹

We Continue to Be the Most Relevant Marketplace for BOTH our Professional Partners and Consumers

Leading market positions in Germany and core European countries²

Sources: Management estimates, Autobiz December2016, Yearly average on monthly traffic (sessions) measured by own traffic monitor (googly analytics). Mobile traffic as a percentage of total traffic (sessions).

1. Based on all listings, in 2017 including non deduplicated Gebrauchtwagen.at for Austria.

2. Listings share; For AS24 Dealer listings only, not considering private listings driven by lack of comparability, deduplicated.

Visits to core brands increased y-o-y

7 out of 10 engage through us on the go

Key Financial Highlights

1. Ordinary operating (oo)EBITDA represents EBITDA adjusted for non-operating and special effects. These include primarily expenses for reorganisation, expenses in connection with the capital structure of the Company and company acquisitions (realised and unrealised), as well as parts of the effects., ordinary operating EBITDA margin of a segment is defined as ordinary operating EBITDA as a percentage of external segment revenues.

2. Cash contribution is defined as ooEBITDA less Capital expenditures, cash conversion as ooEBITDA / (ooEBITDA less Capital expenditure)

Source: Management estimates, internal data, Customers with at least one active listing at the respective date (usually end of month) 1. Based on last publicly available data for IWH customer numbers; Management estimates for number of listings

• Core agent numbers increased sequentially in FY2017 and December 2017 ended with net increase of 96 Core
• Strong winback and new customer acquisition rates reflecting solid sales force execution
• Winback and new acquisition customers with lower average ARPU than existing customers skewing overall
• Record low churn rate (based on monthly run rate) in Q4
• Some agents switching back from professional PPA to membership model (as well with lower ARPU than

Net loss/gain excl. Agents leaving the business¹ Agents leaving the business / inactive Agents

Source: Management estimates, internal data.

1. No listings at any online sources 4 months after inactivation at IS24.

2. Management estimates, based on visits to the IS24 platform from mobile devices, mobile and all IS24 applications as measured by own traffic monitor (google analytics).

3. Based on average Unique Monthly Visitors ("UMV") for traffic and total time spent for engagement in 2017, comScore MMX December 2017 (desktop only for traffic and desktop and mobile for engagement). In the July to October 2016 period, erroneous engagement (user activity) and in the June to September for UMV data were gathered for IS24. To measure engagement and UMV for IS24, the average for the January to May 2016 respectively June and November 2016 respectively October to December 2016 periods were applied.

4. Share based on total time spent within Germany competitor set for online property classifieds which includes IS24, Immonet and Immowelt.

5. Given the Group's complex financial history, to facilitate year-on-year comparison and to better represent the business trends and situation of Scout24, additional, voluntary disclosure has been provided for the twelve-month period ended December 31, 2014. These figures represent the sum of financials from the audited consolidated financial statements of Scout24 Holding GmbH for the short financial year from January 1, 2014 until March 31, 2014 and from the audited consolidated financial statements of Asa NewCo GmbH for the period of April 1, 2014 to December 31, 2014.

ImmobilienScout24 Wrap-Up

What We Have Delivered What We Are Working On Stabilisation of core agent number Continue to drive VIA usage and further expand ARPU Increased listings market share Leveraging regional product and pricing strategy Drive sales force performance Successfully implemented initiatives to improve sales execution Successful roll-out of major product innovations Continue to support product innovations with marketing

AutoScout24 Focus on Germany – Strengthening Market Positioning

1. Dealer listings; Autobiz, December 2017.

2. Management estimates, based on visits to the AS24 platform from mobile devices, mobile and all AS24 applications as measured by own traffic monitor (google analytics).< including traffic from eastern European platforms supporting lead-generation for German dealers, average 2017

3. Given the Group's complex financial history, to facilitate year-on-year comparison and to better represent the business trends and situation of Scout24, additional, voluntary disclosure has been provided for the twelve-month period ended December 31, 2014. These figures represent the sum of financials from the audited consolidated financial statements of Scout24 Holding GmbH for the short financial year from January 1, 2014 until March 31, 2014 and from the audited consolidated financial statements of Asa NewCo GmbH for the period of April 1, 2014 to December 31, 2014.

page 12

AutoScout24 Focus on Italy & Benelux – Cementing our Leadership Positions

1. Management estimates, based on internal data.

2. Dealer listings; Autobiz, December 2017, deduplicated for AS24 and AutoTrader.nl.

3. Management estimates, based on visits to the AS24 platform from mobile devices, mobile and all AS24 applications as measured by own traffic monitor (google analytics).

page 13 4. Given the Group's complex financial history, to facilitate year-on-year comparison and to better represent the business trends and situation of Scout24, additional, voluntary disclosure has been provided for the twelve-month period ended December 31, 2014. These figures represent the sum of financials from the audited consolidated financial statements of Scout24 Holding GmbH for the short financial year from January 1, 2014 until March 31, 2014 and from the audited consolidated financial statements of Asa NewCo GmbH for the period of April 1, 2014 to December 31, 2014.

AutoScout24

AutoScout24 Wrap-Up

Scout24 Consumer Services

Well Positioned for Further Growth Along Value-Chains

Financial Review FY2017

Scout24 AG Christian Gisy (CFO) March 28, 2018

page 17

Group Strong organic growth and sustainable profitability

ImmobilienScout24 Platform for Continued Growth

External Revenues

Key highlights

Core Agent revenues

Growth of Core agent revenues reported a sequential increase q-o-q, especially in H2 2017

Other Agent revenues

Solid development in Professional PPA revenues as well as slight revenue growth in Austrian marketplace

Other revenues

Increase reflecting strong revenue growth in consumer services combined with a positive contribution in private listing revenues

ooEBITDA

y-o-y Decrease in ooEBITDA margin reflecting the investments in product innovation

AutoScout24 Delivering on Growth Potential

Core Dealer revenues

• Strong ARPU expansion in Germany and Benelux/Italy on the back of implemented price increases and ongoing MIA penetration.
• Further expanded dealer base in Germany despite already high market penetration levels

Other Dealer revenues

Acquisition of Gebrauchtwagen.at added to revenues in Q4 2017 (~EUR 1 million)

Other revenues

Other revenues increased at a slightly slower pace than expected due to a less dynamic development in display revenues

ooEBITDA

Operational gearing driving margin increase

Ordinary Operating Cost Comments

(in €m)	FY2016	FY 2017
			Increase in capitalisation of internally • generated assets deriving from a combination of higher underlying internal
Revenues	442.1	479.8	hourly work rates and increased product development for the IS24 and AS24
Own work capitalised	11.7	15.1	platforms increase in staff of ~11% (117 FTE average) •
Personnel (incl. external labour )	(120.2)	(128.5)	during 2017 compared to 2016 including €1.5m for stock -option •
Marketing (online & offline)	(50.1)	(53.8)	programme for employees ( 2016: €0.5) Stock Option Programme to be transferred •
IT	(13.2)	(14.6)	below the line driven by different accounting handling
Other costs	(45.8)	(45.1)	Marketing spending to support roll -out of •
Total operating cost	(217.6)	(227.0)	360 ° product at AS24 Marketing spending to support products •
Ordinary operating EBITDA	224.5	252.8	like realtor lead engine, new Commercial plattform at IS24 as well as Customer
Ordinary operating EBITDA -margin	50.8%	52.7%	relationship events

Below EBITDA Items

		FY 2016	FY 2017	Comments
	(in €m)
	Ordinary operating EBITDA	224.5	252.8	Includes €3.2m from share-based compensation (Management • Equity Programmes, thereof €0.4m non-cash), €2.8m performance
	Non-operating items	(17.8)	(20.0)	based compensation stemming from a purchase price agreement,
	Reported EBITDA	206.8	232.8	€2.0m of cost relating to acquisition of gebrauchtwagen.at, €7.6m personnel cost relating to reorganisation
	D&A	(15.8)	(18.6)	Amortisation of Software PPA items running out by beginning of •
PPA Effect	D&A on PPA items	(49.6)	(38.2)	2017 (3 year amortisation period)
	EBIT	141.3	175.9	2017 including €1.9m gain from derivative instruments (2016:
	Results Equity Method	.0	.0	• €1.8m gain, 0% floor on EURIBOR, non-cash relevant) and additional €1.9mof income of reimbursed default interest
Interest	Finance Income	3.0	3.8	payments on a tax liability, and €16.9m interest savings due to refinancing end of 2016
	Finance Cost	(45.9)	(14.2)
	Earnings before Tax	98.5	165.5	Effective tax rate of 33.0% (slightly higher than normalized rate of •
Taxes	Taxes on Income	(31.6)	(54.6)	31.5%) Higher cash tax expenses in 2017 compared to 2016 on the back •
	Earnings after Tax	66.9	110.9	on higher earnings
	Earnings per Share (in €)	0.62	1,03
	Earnings1 Adjusted	112.3	151.0
	1 Earnings per Share adjusted (in €)	1.04	1.40

Capital structure

Strong deleveraging profile and low interest margins supporting dividend payment

Margin ratchet thresholds

Leverage (Net Debt/EBITDA)	Margin1
	Term Loan	Revolving Facility2
>3.00x	2.00%	1.60%
>2.50x	1.70%	1.30%
>2.00x	1.50%	1.10%
>1.50x	1.30%	0.90%
>1.00x	1.10%	0.70%
<1.00x	0.90%	0.50%

Key highlights

• A of total €60m from the excess cash flow were used to pay down debt during 2017
• Management and Supervisory Board will propose 0.56€ Dividend per share to Annual General Meeting in June 2018, reflecting 40% pay-out ratio
• Target pay-out ratio of 30.0% to 50.0% of adjusted net income over time

• Placement of Schuldschein at end of Q1 2018 for partial refinancing of bank debt, expected interest savings of one million in the first year

• Leverage test on a quarterly basis with new spread applicable 45 days post quarter end

• Revolving Facility is subject to a utilisation fee depending of the amount drawn (<33.3% : 0.1% , <66.7% : 0.2% , >66.7% : 0.4%)

• Net debt is defined as total debt (current and non-current liabilities) less cash and cash equivalents

Outlook FY2018

Scout24 AG Christian Gisy (CFO) March 28, 2018

IFRS changes to be considered for 2017 and Outlook 2018

IFRS 15 (Recognition of Revenues)

• Outlook and 2017 financials not including impact of adjustment
• As of Q1/2018 reporting will show restated 2017 and outlook will be adjusted
• Negative impact on Revenue of € 5.1m in 2017 and ~€6.0 m in 2018
• No impact on ordinary operating EBITDA, margin to increase by ~0.6 Pp in 2017, same impact expected for 2018

IFRS 16 (Accounting of Leases)

• Outlook and 2017 financials not including impact of adjustment
• As of Q1/2018 reporting and outlook will be adjusted
• Impact on ordinary operating EBITDA of positive ~€ 6.0 m in 2018 (2017 not to be restated, impact would have been ~€ 6.4 m)
• Ordinary operating EBITDA margin to increase by ~1.1 Pp in 2018 (2017 not to be restated, impact would have been an increase by 1. 3 Pp)
• ~€20 m to balance sheet extension as of Jan 2018, plus additional impact from new rental contract in Munich office (~€ 20m)

IFRS 9 (Valuation of Financial Instruments)

• Outlook and 2017 financial not including impact of adjustment
• As of Q1/2018 reporting will be adjusted
• No impact on P&L to be expected, ~€ 4.0 m impact in Trade Receivables in balance sheet expected

We are Diversifying our Operations…

… And are Adjusting Our Financial Disclosure Going Foward

Revenue (in €m)	2016	2017	YoY	ordinary operating EBITDA (in €m)	2017	Margin
ImmobilienScout24	229.8	236.0	2.7%	ImmobilienScout24	157.5	66.7%
AutoScout24	140.9	162.6	15.4%	AutoScout24	76.6	47.1%
Scout24 Consumer Services	70.3	80.6	14.6%	Scout24 Consumer Services	28.4	35.2%
Scout24 Group	442.0	479.8	8.5%	Scout24 Group	252.8	52.7%

Outlook for 2018 According to New Financial Disclosure

Revenue

ordinary operating EBITDA margin

ImmobilienScout24	4.0% to 6.0% growth	ImmobilienScout24	At least 67.0%
AutoScout24	At least €185.0m	AutoScout24	At least 50.0%
Scout24 Consumer Services	Around €90.0m	Scout24 Consumer Services	Increase by at least one percentage point
Scout24 Group	9.0% to 11.0% growth	Scout24 Group	Between 54.0% and 55.5%

ImmobilienScout24: Adjusted for More Granularity

ImmobilienScout24 (in €m)	Q4 2016	Q4 2017	YoY	2016	2017	YoY
Revenue with Residential real estate partners	28.2	28.9	2.2%	112.2	113.6	1.3%
Revenue with Business real estate partners	11.6	12.3	6,2%	45.6	47.3	3.7%
Revenue with private listers and others	18.5	19.2	3.7%	72.0	75.1	4.3%
Revenue	58.3	60.3	3.5%	229.8	236.0	2.7%
Ordinary Operating EBITDA		38.7			157.5
Margin		64.1%			66.7%

KPIs	Q4 2016	Q4 2017	YoY
Residential Partners (end of period, contractual, #)	13,223	13,434	1.6%
ARPU (€)	622	635	2.1%
Business Partners (end of period, #)	2,846	2,771	(2,6)%
ARPU (€)	1,331	1,454	9.3%

• Revenue with Residential real estate partners updated to reflect all residential property revenue including professional pay-per ad revenue (excluding Flowfact revenue)
• Business real estate partner line includes Commercial, Developer and New Home Builder
• Revenue with private Listers and others includes, besides private listing revenue, revenue from Flowfact, Classmarkets, our business in Austria and others
• KPIs for Residential and Business Partners reflect revenue with partners in contractual relationships
• VIA revenue share to be provided in addition starting Q1 2018

AutoScout24: Slightly Adjusted to Reflect Business Evolution

AutoScout24 (in €m)	Q4 2016	Q4 2017	YoY	2016	2017	YoY
Revenue with Dealers Germany	15.6	17.8	14.1%	57.5	67.9	18.1%
Revenue with Dealers in European Core Countries	13.3	16.9	26.7%	50.9	61.5	20.8%
Revenue with OEM	6.3	6.9	9.7%	20.5	21.4	4.6%
Other Revenue	3.0	3.0	(0.6)%	12.0	11.8	(1.6)%
Revenue	38.2	44.6	16.6%	140.9	162.6	15.4%
Ordinary Operating EBITDA		22.0			76.6
Margin		49.3%			47.1%

KPIs	Q4 2016	Q4 2017	YoY
Dealer Germany (#)	25,688	27,470	6.9%
ARPU Germany (€)	204	217	6.0%
Dealer European Core Countries (#)	20,827	22,349	7.3%
ARPU European Core Countries (€)	215	260	21.1%

• Revenue with Dealers updated to reflect all revenue with dealers, including car and commercial vehicle dealers
• European Core Countries include Austria, Belgium (including Luxemburg), Italy and Netherlands
• Other revenue reflects private listings, express sale, Garageportal and others
• MIA revenue share to be provided in addition starting Q1 2018

Note: Reflecting Financials as if the new segment structure would have been implemented already in 2017, resp. 2016. Unaudited

Scout24 Consumer Services: Additional Disclosure

Scout24 Consumer Services (in €m)	Q4 2016	Q4 2017	YoY	2016	2017	YoY
Revenue with Finance Partners	8.9	10.7	20.3%	34.3	40.6	18.2%
Services revenue	4.8	5.8	20.7%	20.2	23.7	17.7%
rd 3 Party Display revenue	5.3	4.8	(9.5)%	15.9	16.4	3.0%
Revenue	19.0	21.3	12.1%	70.3	80.6	14.6%
Ordinary Operating EBITDA		8.2			28.4
Margin		38.3%			35.2%

• Revenue with Financing Partners reflects all revenue generated with Financing Partners (consisting of listing and lead revenue)
• Services revenue reflects all revenue generated either with consumers directly or indirectly (e.g. credit check or relocation lead revenue)
• 3rd Party Display revenue reflects all display revenue generated with 3rd parties, i.e. not with Residential or Business real estate partners, Dealers or OEMs

We Have Clear Priorities for Cash

Target leverage of 1.5x to 1.0x over time

Appendix

Strong Free Cash Flow Generation

Revenue to Free Cash Flow Bridge (2017)

Reconciliation Adjusted Earnings

(EUR millions)	2016	2017
Earnings before Tax	98.5	165.5
Add back non-operating items	17.8	20
Add back D&A on PPA items	49.6	38.2
Add back extraordinary finance expense/ income and effects from derivative instruments	(1,8)	(3,4)
Deduct Profit from disposal of investments accounted for using the equity method	(0,9)	,0
Adjusted Earnings before Tax	163.2	220.3	Based on relevant nominal tax rate
Adjusted Tax based on normalized Tax rate	(51.1)	(69.4)	as stated in Annual Report 2016 and 2017 respectively. FY 2016: 31.3%; FY 2017: 31.5%
Non-Controlling interest	0.2	-
Adjusted Earnings attributable to owners of the parent	112.3	151.0
1 Earnings per Share adjusted (in €)	1.04	1.40
Weighted average of shares (in million)	107.6	107.6

1. Note: Voluntary information. unaudited. not reviewed.

Reconciliation Core Agent Revenues

ImmobilienScout24	2017	YoY
Core Agents (end of period, #)	17,507	0.6%
ARPU (€)	763	7.3%
Core Agent Revenues (€m)	159.8	1.8%

ImmobilienScout24	2017	YoY
Residential Partners (end of period, contractual, #)	13,434	1.6%
ARPU (€)	617	n/a
Core Residential revenues (€m)	98.7	1.5%
Business Partners (end of period, #)	2,771	(2.6)%
ARPU (€)	1,376	n/a
Core Business revenues (€m)	46.4	1.7%

Scout24 Consumer Services	2017	YoY
Finance Listing revenues (€m)	14.7	(1.8)%

ImmobilienScout24: Historical data adjusted to new disclosure

ImmobilienScout24 (in €m)	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Revenue with Residential real estate partners	27.9	28.0	28.1	28.2	27.7	28.4	28.6	28.9
Revenue with Business real estate partners	11.3	11.2	11.5	11.6	11.5	11.8	11.8	12.3
Revenue with private listers and others	17.0	18.3	18.2	18.5	17.9	19.1	18.9	19.2
Revenue	56.2	57.5	57.8	58.3	57.1	59.3	59.3	60.3
Ordinary Operating EBITDA	n/a*	n/a*	n/a*	n/a*	38.1	40.2	40.5	38.7
KPIs (in €m)		Q2 2016	Q3 2016	Q4 2016		Q2 2017	Q3 2017	Q4 2017
Residential Partners (end of period, contractual, #)		13,323	13,157	13,223		12,974	13,171	13,434
ARPU (€)		588	610	622		631	634	635
Business Partners (end of period, #)		2,919	2,871	2,846		2,752	2,739	2,771
ARPU (€)		1,235	1,298	1,331		1,372	1,403	1,454

Note: Reflecting Financials as if the new segment structure would have been implemented already in 2017, resp. 2016. Unaudited. * Not available for 2016

AutoScout24: Historical data adjusted to new disclosure

AutoScout24 (in €m)	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Revenue with Dealers Germany	13.6	13.9	14.4	15.6	16.3	16.7	17.1	17.8
Revenue with Dealers in European Core Countries	11.4	13.1	13.1	13.3	14.0	15.1	15.5	16.9
Revenue with OEM	4.6	5.0	4.6	6.3	4.2	5.4	4.9	6.9
Other Revenue	2.8	3.1	3.1	3.0	2.9	3.1	2.8	3.0
Revenue	32.4	35.1	35.2	38.2	37.4	40.3	40.4	44.6
Ordinary Operating EBITDA	n/a*	n/a*	n/a*	n/a*	14.8	19.7	20.1	22.0
KPIs (in €m)		Q2 2016	Q3 2016	Q4 2016		Q2 2017	Q3 2017	Q4 2017
Dealer Germany (#)		24,259	25,335	25,688		26,729	27,443	27,470
ARPU (€)		193	193	204		211	210	217
Dealer European Core Countries (#)		19,329	20,568	20,827		21,096	20,981	22,349
ARPU (€)		225	219	215		240	246	260

Scout24 Consumer Services: Historical data adjusted to new disclosure

Consumer Services (in €m)	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017
Revenue with Finance Partners	8.3	8.7	8.4	8.9	9.2	10.6	10.1	10.7
Services revenue	5.0	4.9	5.4	4.8	6.0	5.6	6.2	5.8
rd 3 Party Display revenue	3.4	3.8	3.4	5.3	4.0	3.9	3.6	4.8
Revenue	16.8	17.4	17.2	19.0	19.3	20.1	19.9	21.3
Ordinary Operating EBITDA	n/a*	n/a*	n/a*	n/a*	6.2	7.5	6.4	8.2

Income Statement

(EUR millions)	2016	2017
Revenues	442,110	479,755
Own work capitalised	11,654	15,087
Other operating income	2,594	1,059
Total operating performance	456,358	495,901
Personnel expenses	(112,000)	(116,896)
Advertising expenses	(50,563)	(54,091)
IT expenses	(16,191)	(16,994)
Other operating expenses	(70,845)	(75,142)
EBITDA (Earnings before interest. tax. depreciation and amortisation)	206,758	232,778
Depreciation. amortisation and impairment losses	(65,457)	(56,830)
EBIT (Earnings before interest and tax)	141,301	175,948
Results from investments accounted for using the equity method	17	(31)
Financial income	2,999	3,819
Financial expenses	(45,858)	(14,194)
Net financial result	(42,842)	(10,406)
Earnings before tax	98,459	165,542
Income taxes	(31,560)	(54,644)
Earnings after tax	66,899	110,898
Earnings per share (EUR)	0.62	1.03
Diluted earnings per share	0.62	1.03 page 40

Balance Sheet 1/2

Assets	12/31/2016	12/31/2017
(EUR '000)
Current assets	96,175	115,275
Cash and cash equivalents	43,441	56,659
Trade receivables	43,275	47,432
Financial assets	406	1,075
Income tax receivables	1,249	2,653
Other assets	7,804	7,456
Non -current assets	2,034,722	2,025,188
Goodwill	816,231	836,675
Trademarks	983,523	984,609
Other intangible assets	217,560	188,873
Property, plant and equipment	9,953	8,161
Investments accounted for using the equity method	1,666	1,052
Financial assets	535	991
Deferred tax assets	3,482	2,312
Other assets	1,772	2,515
Total assets	2,130,897	2,140,463

Balance Sheet 2/2

Equity and liabilities	12/31/2016	12/31/2017
(EUR '000)
Current liabilities	112,300	159,194
Trade payables	27,897	22,224
Financial liabilities	31,835	79,511
Other provisions	4,027	6,889
Income tax liabilities	15,870	12,843
Other liabilities	32,671	37,727
Non -current liabilities	1,027,827	915,773
Financial liabilities	645,539	538,043
Pension and similar obligations	443	526
Other provisions	632	3,569
Income tax liabilities	29	62
Deferred tax liabilities	378,579	371,492
Other liabilities	2,605	2,081
Equity	990,770	1,065,496
Subscribed share capital	107,600	107,600
Capital reserve	427,570	423,302
Retained earnings	455,041	533,659
Measurement of pension obligations	(85)	(121)
Other reserves	1,107	1,056
Treasury shares (13,400 and 0 shares respectively)	(463)	-
Equity attributable to shareholders of parent company	990,770	1,065,496
Non -controlling interests	-	-
Total equity and liabilities	2,130,897	2,140,463

Cash Flow Statement 1/2

(EUR millions)	01/01/16 - 12/31/16	01/01/17 - 12/31/17
Earnings after tax	66,899	110,898
Depreciation. amortisation and impairment losses	65,457	56,830
Income tax expense/(income)	31,560	54,644
Financial income1	(2,999)	(3,819)
Financial expenses1	45,858	14,194
Result from investments accounted for using the equity method	(17)	31
Result on disposal of intangible assets and property. plant and equipment	(67)	-
Other non-cash transactions	2,930	(237)
Change in other assets not attributable to investing or financing activities	(4,297)	(5,139)
Change in other liabilities not attributable to investing or financing activities	(6,345)	(2,765)
Change in provisions	(1,051)	5,678
Income tax paid	(43,043)	(66,090)
Cash flow from operating activities	154,885	164,225
Investments in intangible assets, including internally generated assets and assets in development	(17,156)	(19,997)
Investments in property, plant and equipment	(2,352)	(2,793)
Proceeds from disposal of intangible assets and property, plant and equipment	93	140
Investments in financial assets	(88)	-
Proceeds from sale of financial assets	10	47
Investments in companies accounted for using the equity method	-	(350)
Acquisition of subsidiaries, less cash and cash equivalents acquired	(29,509)	(22,424)
Interest received	225	1,889
Cash flow from investing activities	(48,777)	(43,488)

Cash Flow Statement 2/2

(EUR millions)	01/01/16 - 12/31/16	01/01/17 - 12/31/17
Cash flow from investing activities	(48,777)	(43,488)
Drawing down of short-term financial liabilities	30,002	1
Repayment of short-term financial liabilities	(2,990)	(30,172)
Drawing down of medium- and long-term financial liabilities	650,850	29
Repayment of long-term financial liabilities	(781,000)	(30,000)
Interest paid	(29,101)	(13,670)
Dividends paid	-	(32,280)
Payments for purchases of treasury shares	(1,077)	(1,378)
Cash flow from financing activities	(133,316)	(107,470)
Effect of foreign exchange rate changes on cash and cash equivalents	10	(49)
Change in cash and cash equivalents	(27,198)	13,218
Cash and cash equivalents at beginning of period	70,639	43,441
Cash and cash equivalents at end of period	43,441	56,659

IR Contact details and financial calendar

Financial Calendar (expected)

Tuesday 8 May 2017	Interim Report Q1 2018
Thursday 21 June 2017	Annual General Meeting
Monday 13 August 2017	Half Year Report 2018
Wednesday 7 November 2017	Interim Report Q3 2018

Full year report report.scout24.com/2017

http://www.scout24.com/en/Investor-Relations.aspx

Investor Relations Contact

Britta Schmidt Vice President Investor Relations & Controlling

Diana Apostol

Junior Manager Investor Relations

Tel : +49 89 444 56 3278 ; Fax : +49 89 444 56 193278; Email : ir@scout24.com